Multi-Use Commercial
For Sale
$1,399,999
214 Champion Street, Edinburg, TX 78539
One unit operates as a fully equipped restaurant, with remaining flexible space for professional or retail use.
Property Size7,000 SF
Price / SF$199
Days on Market429
Property Features for 214 Champion Street
General Information
Standard status
Active
Size
7,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$22,099
Amenities
Central Air
Lot with Trees.
35 Parking Spaces. Covered, Handicap Parking.
Trees. City Road, Paved Road, Wooded.
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Stephanie Ramirez
Source:
Xome
Added: Jun 22, 2025
Changed: Aug 14
Last Checked: Aug 24 at 4:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty
Investment Insights
Based on property information with market context.
This multi-use commercial building at 214 W Champion Street includes one unit that is currently operating as a fully equipped restaurant. Additional spaces within the property are laid out with flexible configurations that can support a variety of professional and retail uses.
The property is described as being in the heart of Edinburg, with strong visibility and accessibility in a high-traffic area. It is positioned just minutes from the Hidalgo County Courthouse and the University of Texas Rio Grande Valley, and it is also noted as providing connectivity to major business centers.
For buyers and operators looking for a single property with both an operating restaurant component and adaptable space for other concepts, this offering presents a turnkey element alongside multiple flexible options.
The property is described as being in the heart of Edinburg, with strong visibility and accessibility in a high-traffic area. It is positioned just minutes from the Hidalgo County Courthouse and the University of Texas Rio Grande Valley, and it is also noted as providing connectivity to major business centers.
For buyers and operators looking for a single property with both an operating restaurant component and adaptable space for other concepts, this offering presents a turnkey element alongside multiple flexible options.
Key Highlights
- Central air cooling
- 35 covered parking spaces, including handicap parking
- One unit operates as a fully equipped restaurant; remaining spaces offer flexible professional/retail use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,004,660
$2.0M
Cap Rate 7%
$1,431,900
$1.4M
Cap Rate 9%
$1,113,700
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.4K $22.20/SF
− Vacancy
−$21.8K −$3.11/SF
EGI
$133.6K $19.09/SF
− OpEx
−$33.4K −$4.77/SF
NOI
$100.2K $14.32/SF
Area
Edinburg, TX
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,004,660
Cap Rate 7%
$1,431,900
Cap Rate 9%
$1,113,700
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,233 @ 7.0% cap · market cap 7.16%
Second Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,326 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,142 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - One unit operates as a fully equipped restaurant, with remaining flexible space for professional or retail use.
Where is this conventional restaurant located?
The property is located at 214 Champion Street Edinburg, TX.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Central air cooling; 35 covered parking spaces, including handicap parking; One unit operates as a fully equipped restaurant; remaining spaces offer flexible professional/retail use
